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Advice insight profiles and guides for established and aspiring entrepreneurs worldwide home of entrepreneur magazine. The capacity and willingness to develop organize and manage a business venture along with any of its risks in order to make a profitthe most obvious example of entrepreneurship is the starting of new businesses. 1 the state quality or condition of being an entrepreneur an organizer or promoter of business ventures 2 the duration of a persons function as an entrepreneur. The characteristics of an entrepreneur you might well wonder whether entrepreneur simply means a person who starts a business and is willing to risk loss in order to make money or whether it carries an additional connotation of far sightedness and innovation. News about entrepreneurship commentary and archival information about entrepreneurship from the new york times. Entrepreneurship definition a person who organizes and manages any enterprise especially a business usually with considerable initiative and risk see more. Entrepreneurship is both the study of how new businesses are created as well as the actual process of starting a new business. Breaking down entrepreneur entrepreneurship is one of the resources economists categorize as integral to production the other three being land natural resources labor and capitalan . The entrepreneurship minor is open to all students at the university purposefully designed without pre requisites so any student can complement their major with entrepreneurial training